# Somany Ceramics share price today (Somany Ceramics Ltd, NSE: SOMANYCERA)

> Somany Ceramics share price today: ₹553.20 at the NSE close on 3 November 2026, up 20.5% in a year. Somany Ceramics (NSE: SOMANYCERA) is worth ₹2,269 crore, trades at a P/E of 20.7 and has closed between ₹360.40 and ₹622.50 over the past 52 weeks. > Somany Ceramics Ltd is India’s #2 branded tile maker. Somany Ceramics Ltd's results are improving, while its P/E is near the low end of its own history over 11 years, higher than only 11% of past readings. SOMANYCERA · Ceramics/Tiles/Sanitaryware · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/somany-ceramics-ltd

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## Key numbers

- Business trend: Turning around, from fewer quarters than usual
- Price: ₹553.20 (+20.5% in a year)
- P/E: 20.7× (lower than 89% of the last 11 years)
- Revenue (Jun 2026): ₹750 Cr (+24.2% on a year ago)
- Profit (Jun 2026): ₹34.0 Cr (+385.7% on a year ago)
- Operating margin: 12.0% (+4.0 points on a year ago)
- ROCE: 13%, FY26
- Profit that came in as cash: 338%, last 3 years

The main question: domestic institutions moved −7.5 percentage points over 8 quarters while the business went the other way. ## What is the Somany Ceramics share price today? Somany Ceramics Ltd's share price was ₹553.20 at the close on 3 November 2026. It has been rising for 23 weeks. That is 7.6% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹360 and ₹623, and at that close it sat 74% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 12 weeks in a row. Over the last 11 years the share price moved +43% while the NIFTY 500 moved +243%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Somany Ceramics this quarter? Three changes stood out: indian funds and insurers (DIIs) cut their stake for 4 quarters in a row, best operating margin in 15 quarters and revenue up on a year earlier for 8 quarters in a row. 1. Indian funds and insurers (DIIs) cut their stake for 4 quarters in a row From 23.2% to 16% of the company by the September 2026 quarter. 2. Best operating margin in 15 quarters Operating margin was 12% in the June 2026 quarter, against 8% a year earlier. 3. Revenue up on a year earlier for 8 quarters in a row In the June 2026 quarter revenue was ₹750 crore, +24.2% on a year earlier. ## What are Somany Ceramics' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Somany Ceramics reported revenue of ₹750 crore, up 24.2% from ₹604 crore a year earlier, and a profit of ₹34.0 crore, up 385.7% from ₹7.00 crore. ### Somany Ceramics results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹750 crore | ₹604 crore | +24.2% |
| Profit | ₹34.0 crore | ₹7.00 crore | +385.7% |
| Earnings per share | ₹8.67 | ₹2.53 | +242.7% |
| Operating margin | 12.0% | 8.0% | +4.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Somany Ceramics' management discussed these results on a call held on 29 September 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Somany Ceramics share price history? Somany Ceramics closed at ₹553.20 on 3 November 2026, up 20.5% from ₹458.90 a year earlier (31 October 2025) and down 33.3% over five years. Its highest weekly close since April 2016 was ₹942.30 on 5 January 2018. ### Somany Ceramics share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹528.90 | +4.6% |
| 1 month ago · 1 Oct 2026 | ₹613.95 | −9.9% |
| 6 months ago · 30 Apr 2026 | ₹463.35 | +19.4% |
| 1 year ago · 31 Oct 2025 | ₹458.90 | +20.5% |
| 3 years ago · 3 Nov 2023 | ₹659.95 | −16.2% |
| 5 years ago · 4 Nov 2021 | ₹828.85 | −33.3% |
| 10 years ago · 4 Nov 2016 | ₹638.15 | −13.3% |
| Earliest weekly close in our records · 1 Apr 2016 | ₹385.80 | +43.4% |
| Highest weekly close since April 2016 · 5 Jan 2018 | ₹942.30 | −41.3% |
| Lowest weekly close since April 2016 · 15 May 2020 | ₹90.40 | +511.9% |
| 52-week high (weekly close) · 28 Sep 2026 | ₹622.50 | −11.1% |
| 52-week low (weekly close) · 13 Mar 2026 | ₹360.40 | +53.5% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (559 weekly closes from 1 April 2016 to 3 November 2026.)

## What is the latest news on Somany Ceramics? 3 Nov 2026: Somany Ceramics closed at ₹553.20, up 4.6% on the week and down 9.9% on the month. 29 Sep 2026: Somany Ceramics held its results call for April to June 2026. Management guided: No specific guidance issued or extracted on this call. ### Earlier

- 5 Aug 2026: ex-date for a dividend of ₹2 a share. - Results for April to June 2026: Revenue up 24.2% and profit up 385.7% on a year earlier. - 8 May 2026: ex-date for an interim dividend of ₹4 a share. ## What dividend does Somany Ceramics pay? Somany Ceramics paid ₹6 a share in regular dividends in the 12 months to 4 November 2026 (2 payments), a yield of 1.08% at the ₹553.20 close on 3 November 2026. The last was a dividend of ₹2 a share, ex-date 5 August 2026. ### Somany Ceramics dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 5 Aug 2026 | ₹2 | Dividend |
| 8 May 2026 | ₹4 | Interim |
| 11 Sep 2025 | ₹3 | Dividend |
| 5 Aug 2024 | ₹3 | Dividend |
| 18 Aug 2023 | ₹3 | Dividend |
| 15 Sep 2022 | ₹3 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 4 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Somany Ceramics Ltd paid out 30% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Somany Ceramics management say on the latest results call? On the call for April to June 2026, held on 29 September 2026, Somany Ceramics' management guided: No specific guidance issued or extracted on this call. > “No raw transcript was provided.”
> Speaker not identified, on the call for April to June 2026

Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/3831-29-Sep-2026.pdf). (From the call for April to June 2026, 29 September 2026.)

## What to watch in Somany Ceramics' next results? When Somany Ceramics reports July to September 2026, these are the 2 checks that show whether the story is still on course. First: No next-quarter operating check can be extracted because no management commitment or KPI was available. - What to check (from the call)
- No next-quarter operating check can be extracted because no management commitment or KPI was available. - No event-based watch item can be tied to this call because the raw transcript was unavailable. ## Which stock lists is Somany Ceramics on? Somany Ceramics is on one of our India lists: Momentum stocks. [Momentum stocks Market cap cr: 2276.625598526704](https://www.sectoralpha.in/momentum-stocks-india)

## Is Somany Ceramics profitable? Somany Ceramics Ltd earned ₹34.0 Cr of net profit in the Jun 2026 quarter, +385.7% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was ₹74.0 Cr. Over 10 years profit has grown 0.8% a year on average. That is 4.5% of the quarter's revenue. Why this happened. Profit here is margin multiplied by a nearly flat top line, which is why it swings so hard, a 3-point margin move roughly doubles it. The trough quarter, June 2025, was the point of maximum pain from the price war. Depreciation has climbed steadily from ₹17 crore a quarter to ₹27 crore as the own-plant capacity that drives the margin story was built, so the recovery is happening against a rising fixed charge rather than a falling one. The same quarter a year earlier earned ₹7.0 Cr. For the full year, FY26 profit was ₹74.0 Cr (+27.6% on the year before). Why profit moved: revenue changed +24.2% on a year earlier and the margin moved +4.0 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +130.3% and revenue +9.8%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. The profit trough, down to ₹7 Cr · FY25-Q1 → FY26-Q1. The down-cycle begins: weak building demand plus a price war from unorganized Morbi makers pulled margin back to 8.5% and profit to ₹12 Cr. The 8% plateau: pricing power was gone to the unorganized price war, so extra revenue did not reach profit, margin 8.4%. Trough to ₹37 Cr · FY26-Q2 → FY26-Q4. The last plateau quarter, margin 7.8%, the sixth straight quarter near 8%, just before the turn. The turn starts: margin jumped to 9.3% from 7.8% as the Morbi price gap collapsed and more tiles came from Somany’s own plants. Why-sources: our stock research file (13 August 2026) and the company’s own results for those quarters. ## How much revenue does Somany Ceramics make, and is it growing? Somany Ceramics Ltd reported ₹750 Cr of revenue in the Jun 2026 quarter, +24.2% on the same quarter a year earlier. That is the 8th quarter in a row with growth on the year before. Over 10 years it has grown 5.2% a year on average. The last full year, FY26, came in at ₹2,790 Cr. Why this happened. The top line is the least interesting part of this company. The interesting change is underneath: in the June-2026 quarter tile revenue rose 23.7% while tile volume rose only 2.8%. The last four reported quarters add to ₹2,935 Cr. FY26 revenue was ₹2,790 Cr, +4.9% on the year before. Recent pace: the last four quarters grew +9.8% on average, against 5.2% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +9.4%, against +6.6% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +88.7%, against +0.5% a year (accelerating). Pre-downturn drift, ₹587 to 738 Cr · FY23-Q3 → FY24-Q4. The bottom of the cost squeeze: operating margin 6.5%, the weakest in this record, and profit just ₹11 Cr on ₹622 Cr of revenue. Costs began to normalise, margin recovered to 9.0% and profit more than doubled to ₹24 Cr in the seasonally strong March quarter. The down-cycle and the price war · FY25-Q1 → FY26-Q2. The down-cycle begins: weak building demand plus a price war from unorganized Morbi makers pulled margin back to 8.5% and profit to ₹12 Cr. The 8% plateau: pricing power was gone to the unorganized price war, so extra revenue did not reach profit, margin 8.4%. The turn · FY26-Q3 → FY27-Q1. The turn starts: margin jumped to 9.3% from 7.8% as the Morbi price gap collapsed and more tiles came from Somany’s own plants. The turn confirmed: margin 11.3%, revenue a record ₹818 Cr and profit ₹37 Cr, up 94.7% on the year. Why-sources: our stock research file (13 August 2026) and the company’s own results for those quarters. ## How much of every ₹100 of sales does Somany Ceramics keep? Somany Ceramics Ltd's operating margin was 12.0% in the Jun 2026 quarter, 4.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 7.0% and 14.0%. The latest quarter is within that range. Why this happened. Two things broke the plateau together. Why the margin moved: operating margin changed +3.5 percentage points on the year while gross margin changed +1.8 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. Cost normalisation, 6.5% to 10.8% · FY23-Q3 → FY24-Q4. The bottom of the cost squeeze: operating margin 6.5%, the weakest in this record, and profit just ₹11 Cr on ₹622 Cr of revenue. Costs began to normalise, margin recovered to 9.0% and profit more than doubled to ₹24 Cr in the seasonally strong March quarter. The long 8% plateau · FY25-Q1 → FY26-Q2. The down-cycle begins: weak building demand plus a price war from unorganized Morbi makers pulled margin back to 8.5% and profit to ₹12 Cr. The 8% plateau: pricing power was gone to the unorganized price war, so extra revenue did not reach profit, margin 8.4%. The recovery, 9.3% to 11.3% · FY26-Q3 → FY26-Q4. The turn starts: margin jumped to 9.3% from 7.8% as the Morbi price gap collapsed and more tiles came from Somany’s own plants. The turn confirmed: margin 11.3%, revenue a record ₹818 Cr and profit ₹37 Cr, up 94.7% on the year. Why-sources: our stock research file (13 August 2026) and the company’s own results for those quarters. ## Is Somany Ceramics' profit turning into cash? Over the last 3 years, 338% of Somany Ceramics Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹247 Cr of operating cash against ₹74.0 Cr of profit. After ₹138 Cr of spending on assets, ₹109 Cr was left over as free cash. Why this happened. This is the quiet strength of the company and it gets no attention. Operating cash has exceeded reported profit in every one of the last six years, often by three times, because depreciation is a large non-cash charge and the working-capital cycle has been tightening. Inventory days fell from 147 to 97 over four years and debtor days from 51 to 39. A tile maker having a quarter less stock is a materially different business. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 338% of profit came in as cash: the cash cycle got 36 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets. ## Where does Somany Ceramics' cash go? Somany Ceramics Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 44 days in FY26, down from 80 days in FY21. It spent ₹318 Cr on assets over the last 3 years. Customers take 39 days to pay, and stock sits for 97 days on average. At FY26 sales of ₹2,790 Cr, each day of that cycle ties up about ₹7.6 Cr, so roughly ₹336 Cr is tied up in the business at any time. FY26: customers took 39 days to pay and stock sat for 97 days, about 3.2 months of sales sitting as stock, for a full cycle of 44 days, shorter than FY21's 80. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 97 days. Customers pay about 39 days after that. Suppliers are paid at 92 days. Together that makes the 44-day cycle. Spending on assets: ₹318 Cr over the last 3 years, against ₹270 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹19.0 Cr (FY26): assets paid for that are not earning yet. In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean. ## What is Somany Ceramics' P/E ratio, and how does it compare with its own history? Somany Ceramics Ltd's P/E is 20.7×, near the low end of its own history: it has been lower only 11% of the time. Its usual P/E (the middle reading) is 31.0×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why this happened. Unlike a company with two years of listed history, this median rests on ten years and our read marks the data as fully sufficient, so 0.81 times its own median is a meaningful statement. The cycle read also flags an earnings disconnect, the multiple and the earnings are not yet moving together, which is normal in the first two quarters of a turn and is exactly what the volume marker exists to resolve. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹25.93. Why the multiple is where it is: over the past year earnings per share moved +35.2% while the price moved +20.5%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved −7.8% a year; about +3.6% a year came from earnings growth and about −11.4 percentage points from the multiple (the market paying less); over 10 years the price moved −1.4% a year; about +5.4% a year came from earnings growth and about −6.8 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its two data sources disagree by up to 41% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Is the Somany Ceramics business getting better or worse? Somany Ceramics Ltd's business is turning around. Profit growth has swung from −44.2% at its low to +88.7%, improving for 3 quarters in a row, with ROCE rising at 13.0%. This is based on 8 quarters of 4 measures, with some gaps. Why this happened. This is what agreement looks like, and it is worth showing so that disagreement is recognisable when it appears. The price engine sees a stock back above a rising average early in a new uptrend. The research explains why both are true: the margin turned in December 2025. The one dissenting signal is inside the register, domestic funds are cutting their stake, and the research flags that rather than explaining it away. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## What is the Somany Ceramics story, and has it been checked? Somany Ceramics Ltd's story is on track against the checks our research set on 13 August 2026. Where it sits in its own cycle: Early margin recovery, the turn is in the margin, not yet in volume. Checks so far: 2 met, 1 partly met, 2 not due yet. Still open: Volume. The June-2026 quarter grew on price and mix, tile revenue rose 23.7% but tile volume only 2.8%. Our read, 13 August 2026. The massive price gap that unorganized players used to undercut branded players like Somany has collapsed. Somany is now aggressively stealing permanent market share. From the numbers. Margin 7.8% to 11.3% in three quarters; profit up 94.7%. From the price. Stage 2 at 11 weeks, back above a rising 200-day line. From the research. The turn is real, but it arrived through price, not volume. Where they disagree. Here the three streams agree, which is why the verdict is on track rather than watch, and the disagreement that remains is narrow and specific. The numbers show a genuine margin turn. The one thing the research will not sign off is volume, tile revenue rose 23.7% in the June quarter while tile volume rose 2.8%. If that gap does not close, the margin gain was a price cycle rather than share being taken. What is proven. Margins have turned. Operating margin went from 7.8% in the September-2025 quarter to 9.3% and then 11.3% by March 2026, and March-2026 net profit of ₹37 Cr was up 94.7% on the year. What is not proven yet. Volume. The June-2026 quarter grew on price and mix, tile revenue rose 23.7% but tile volume only 2.8%. What would change our mind. Tile volume growth staying below 8% into the December-2026 quarter while revenue growth keeps coming from price, or the Morbi price gap reopening so unorganized makers undercut branded tiles again. Fresh money into part-owned companies before the existing ones earn a return would break the capital-discipline leg, ₹75.8 crore of new spending were approved before durable volume growth was proven. The test written in advance. Tile volume growth rises above 8%. Measured by: tile volume growth above 8% by FY27-Q3 results. The test written in advance. Operating margin stays at or above 10%. Measured by: OPM % at least 10% by FY27-Q2 results. The test written in advance. Own-plant share of volume keeps rising while outsourced volume keeps falling. Measured by: own-plant volume growth above 0% by FY27-Q2 results. What the company does. Somany makes and supplies branded floor and wall tiles plus bathroom fittings. Some tiles come from its own and part-owned plants;. The dot is where the company is now; the dashed line is the level that would settle the question; a tinted band is where management says it is heading. The one gap that matters, growth that came from price, not from tiles. In the June-2026 quarter tile revenue rose 23.7% while tile volume rose 2.8%. Almost the whole increase was price and mix. But the thesis says the company is taking permanent market share from unbranded makers, and share is measured in tiles shipped. Until volume growth clears 8%, the margin gain reads as a price cycle rather than share being won. The order of events, margin turned two quarters before the price did. Operating margin broke out of its 8% plateau in the December-2025 quarter, reaching 9.3%, and 11.3% by March 2026. The stock crossed back above its 200-day line only in the June-2026 quarter. The business moved first and the market followed roughly two quarters later, the opposite of the flexible-workspace case, and the reason this page reads on track while that one reads watch. What is temporary, cyclical, structural. Branded building-material maker in a cyclical, price-competitive market. Lever 15 · Market-share gains: working now. The price gap that unorganized Morbi makers used to undercut branded tiles has collapsed, so brands stopped losing share and started taking it. Somany is taking that share permanently rather than renting it with discounts. What proves it keeps working: Tile volume growth above 8%, so the share gain shows up in tiles shipped and not only in price. It stops working if unorganized price-cutting returns and the Morbi price gap reopens. Lever 2 · Value-added mix: building. The mix is shifting to tiles Somany makes itself and to the premium Somany Max range, both of which earn more per tile than outsourced tiles. What proves it keeps working: Own-plant share of volume keeps rising while outsourced volume keeps falling. Lever 1 · Operating leverage: building. Own-plant fixed costs are now spread over rising own volumes: own-plant volume rose 22.2% while outsourced fell 18.0%, and operating margin went from 7.8% to 11.3% in three quarters. What proves it keeps working: Operating margin having at or above 10% for another two quarters. It stops working if operating margin falls back under 9% while own-plant volume is still growing. Sources: Somany Ceramics operating-cycle deep dive, 13 Aug 2026, read from the company’s own filings and its latest earnings-call document; Quarterly results, the Dec 2022 quarter through the Mar 2026 quarter (14 quarters); Operating and net margin series, the Jun 2022 quarter through the Mar 2026 quarter; The FY27-Q1 figures, tile revenue up 23.7%, tile volume up 2.8%, own-plant volume up 22.2%, outsourced volume down 18.0%, come from the 13 Aug 2026 dive…; Quarter reasons before FY26-Q3 are phase-level reads of the revenue and margin series, not quarter-specific research notes; This company’s earnings-call transcripts are not in our files, so there is no said-versus-delivered record here yet; An earlier view of 16 Feb 2026 is kept on the record: read then as a low-base cyclical bounce rather than structural. The story check is re-scored every results season; the record below never changes. Also being watched. These checks cover parts of the business this page cannot chart, because the figures are not reported every quarter. They still apply. ## Did Somany Ceramics management deliver what it promised? What Somany Ceramics Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. Major Capex Pivot · 12 August 2026. In August 2026, management disclosed approximately 275 crore rupees of outlay through FY27, including a 220 crore rupee plant, without explaining the material change in capital-allocation plans. Somany Max Reverts from Breakeven · 12 August 2026. The May 2026 call characterized Somany Max's breakeven as sustainable, but the August 2026 call reported a loss in Q1 FY27. Although the loss was substantially reduced from the prior-year quarter, management did not explain why the previously stated sustainable breakeven was not maintained. Gas Price Stability Assurance Sharply Contradicted · 15 May 2026. In both prior calls management projected gas prices would remain flat, with the Nov 2025 call explicitly dismissing geopolitical risk by stating that wars were settling as the basis for that confidence. The May 2026 call reveals gas prices nearly doubled from the INR46-51 per SCM range to approximately INR74-78 per SCM due to a geopolitical event - precisely the risk category management had characterised as diminishing, undermining the cost and margin stability assumptions both prior calls were built around. Capex-Free Period Commitment Abandoned · 15 May 2026. In Nov 2025 management stated unambiguously that no capex was planned for the next 12 to 18 months and that all capex had already been executed, framing the near term as a period of debt paydown and profitability improvement. Six months later in May 2026, management announced a INR70-80 crore capex plan for FY27 to add balancing equipment at the Wintech plant, directly contradicting the no-capex commitment that by management's own words should have held through at least mid-2027. Every quote above is taken word for word from the company’s own earnings calls. ## How much does Somany Ceramics earn on its capital? Somany Ceramics Ltd earned a ROCE of 13% in FY26. That is up from a low of 7% in FY20. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 2.7% net margin and 1.39× asset turnover (sales divided by assets). Why this happened. This is the honest ceiling on the story. Six years of returns between 9% and 14% describe a decent business in a commodity-adjacent industry, not a compounding machine. The brand and dealer network matter in a market whose alternative is an unbranded tile, but they are not a strong moat. The margin recovery is worth having precisely because it moves this number, and the ₹75.8 crore newly approved for part-owned plants is the test of whether management will protect it. Why the return is what it is (FY26): a 2.7% net margin × 1.39× asset turnover × 2.38× leverage (assets divided by equity) ≈ 8.9% on equity. The margin does its share; borrowing is a big part of it. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 41% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does Somany Ceramics have too much debt? Somany Ceramics Ltd had ₹374 Cr of borrowings against ₹842 Cr of equity in FY26, so its debt is 0.44× its equity. Its operating profit is 5 times its interest bill. Over 5 years borrowings went from ₹460 Cr to ₹374 Cr. Over the last 3 of those years it spent ₹318 Cr on assets. Why this happened. Interest peaked at ₹52 crore in FY25 and has come down since, while borrowings fell from ₹534 crore in FY23 to ₹374 crore, and shareholders’ funds grew throughout. The business absorbed a full down-cycle without the balance sheet becoming the story, which is what let it sit through six flat quarters and wait the price war out, rather than chase volume with price for a seventh. The spending on assets is being paid for from cash, not new debt. The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 41% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What is the Somany Ceramics shareholding pattern? Domestic institutions cut their stake in Somany Ceramics Ltd by 7.5 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 16.0% of the company. Foreign institutions moved +1.1 points over the same period, to 2.9%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Why this happened. The promoter line is the steadiest thing on this page: 54.79% to 55.19% across fourteen quarters, a small creep upward. Foreign stake is negligible at 1.38% and always has been. Read it as funds exiting a four-year down-cycle position rather than as a verdict on the turn, but it is the one holder group whose behaviour disagrees with the margin. Over the last two years: Domestic institutions: −7.5 points over 8 quarters, to 16.0%; Foreign institutions: +1.1 points over 8 quarters, to 2.9%; Promoters: +0.2 points over 8 quarters, to 55.2%. Why the owners changed: domestic institutions drove it (−7.5 points), with the other side taken by foreign institutions (+1.1 points). They reduced their stake. ## How far is Somany Ceramics from balance-sheet trouble? For Somany Ceramics Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. Why this happened. The whole thesis rests on one external condition: that unbranded makers in Morbi cannot go back to undercutting branded tiles on price. Somany does not control that. If gas costs fall for those makers, or capacity there restarts, the price war can resume and the margin gain goes back the way it came. The internal risk is smaller and more specific, ₹75.8 crore committed to part-owned plants before the existing ones proved they earn a return. ## How does Somany Ceramics rank in its industry? 61.5 out of 100, rank 2 of 6 in Ceramics/Tiles/Sanitaryware, with 60% of the evidence available. Somany Ceramics Ltd scores 61.5 out of 100 against the 6 companies it is compared with in Ceramics/Tiles/Sanitaryware, ranking 2. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 21.4 + 14.7 + 12.9 + 12.5 = 61.5. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Somany Ceramics compared with? Somany Ceramics ranks 2 of 6 Ceramics/Tiles/Sanitaryware companies on the 4-Factor Sector Score, with 61.5 out of 100. 1. [Kajaria Ceramics Ltd](https://www.sectoralpha.in/stocks/kajaria-ceramics-ltd) KAJARIACER · losing its lead · Most evidence points up · 97% evidence 79.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.1/35 · Revenue 14.4% · Profit 65.3% · Operating margin change 2 points · 100% evidence Capital efficiency 23.5/25 · ROCE 23.4% · Operating margin 20% · 100% evidence Valuation 11.0/20 · P/E 27.5× · PEG 2 · 85% evidence Relative strength 19.4/20 · Lead over its industry 13% · Lead over NIFTY 500 5.9% · 1 year -8.1% · 100% evidence · 7 of 12 weeks ahead Exact sum: 25.1 + 23.5 + 11 + 19.4 = 79 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. Somany Ceramics Ltd this page SOMANYCERA · breaking out · Evidence leans up · 60% evidence 61.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.4/35 · Revenue 9.3% · Profit 88.7% · Operating margin change 4 points · 83% evidence Capital efficiency 14.7/25 · ROCE 12.8% · Operating margin 12% · 76% evidence Valuation 12.9/20 · P/E 20.3× · PEG n/a · 35% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 20.4% · 1 year 18.5% · 25% evidence · 11 of 12 weeks ahead Exact sum: 21.4 + 14.7 + 12.9 + 12.5 = 61.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Cera Sanitaryware Ltd](https://www.sectoralpha.in/stocks/cera-sanitaryware-ltd) CERA · quiet · Evidence leans down · 78% evidence 41.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 7.0/35 · Revenue 9% · Profit -17.8% · Operating margin change -3 points · 88% evidence Capital efficiency 18.1/25 · ROCE 19.2% · Operating margin 10% · 100% evidence Valuation 7.0/20 · P/E 27.5× · PEG 4.05 · 85% evidence Relative strength 9.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -14.8% · 1 year -29.2% · 25% evidence · 0 of 12 weeks ahead Exact sum: 7 + 18.1 + 7 + 9.5 = 41.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Asian Granito India Ltd](https://www.sectoralpha.in/stocks/asian-granito-india-ltd) ASIANTILES · quiet · Evidence leans down · 75% evidence 37.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.5/35 · Revenue 17.3% · Profit 100% · Operating margin change -0.2 points · 83% evidence Capital efficiency 4.1/25 · ROCE 2.9% · Operating margin 6.2% · 76% evidence Valuation 7.3/20 · P/E 104× · PEG n/a · 35% evidence Relative strength 4.8/20 · Lead over its industry -15.8% · Lead over NIFTY 500 -20.5% · 1 year -27.7% · 100% evidence · 1 of 12 weeks ahead Exact sum: 21.5 + 4.1 + 7.3 + 4.8 = 37.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Nitco Ltd](https://www.sectoralpha.in/stocks/nitco-ltd) NITCO · quiet · Evidence leans down · 76% evidence 37.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.8/35 · Revenue 28.6% · Profit 95.5% · Operating margin change -40 points · 88% evidence Capital efficiency 3.1/25 · ROCE 7.2% · Operating margin -7% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 1.3/20 · Lead over its industry -10.6% · Lead over NIFTY 500 -16.4% · 1 year -34.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.8 + 3.1 + 10 + 1.3 = 37.2 · What this means: Earnings are strong; relative strength in its sector is -10.6% and the one-year return is -34.1%. 6. [Hindware Home Innovation Ltd](https://www.sectoralpha.in/stocks/hindware-home-innovation-ltd) HINDWAREAP · basing · Most evidence points down · 68% evidence 34.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.6/35 · Revenue 6.1% · Profit 93.8% · Operating margin change -1.2 points · 65% evidence Capital efficiency 5.4/25 · ROCE 7.1% · Operating margin 8% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 3.9/20 · Lead over its industry -18.5% · Lead over NIFTY 500 -23.4% · 1 year -55% · 100% evidence · 0 of 12 weeks ahead Exact sum: 15.6 + 5.4 + 10 + 3.9 = 34.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Ceramics/Tiles/Sanitaryware](https://www.sectoralpha.in/sectors/ceramics-tiles-sanitaryware), all 6 compared on one page. ## Which companies are close to Somany Ceramics in size? Somany Ceramics is the 3rd largest of 6 Ceramics/Tiles/Sanitaryware companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Kajaria Ceramics and Cera Sanitaryware. Just below it: Nitco, Hindware Home Innovation and Asian Granito India. ### Ceramics/Tiles/Sanitaryware companies close in size

1. [Kajaria Ceramics Ltd](https://www.sectoralpha.in/stocks/kajaria-ceramics-ltd) ₹17,430 crore
2. [Cera Sanitaryware Ltd](https://www.sectoralpha.in/stocks/cera-sanitaryware-ltd) ₹5,683 crore
3. Somany Ceramics Ltd ₹2,227 crore
4. [Nitco Ltd](https://www.sectoralpha.in/stocks/nitco-ltd) ₹1,741 crore
5. [Hindware Home Innovation Ltd](https://www.sectoralpha.in/stocks/hindware-home-innovation-ltd) ₹1,392 crore
6. [Asian Granito India Ltd](https://www.sectoralpha.in/stocks/asian-granito-india-ltd) ₹1,360 crore

[All 6 Ceramics/Tiles/Sanitaryware companies, largest first](https://www.sectoralpha.in/sectors/ceramics-tiles-sanitaryware#all-companies)

### Companies close in size in other industries

1. [Alembic Ltd](https://www.sectoralpha.in/stocks/alembic-ltd) ₹2,240 crore · Finance - Holding Company
2. [Pix Transmission Ltd](https://www.sectoralpha.in/stocks/pix-transmission-ltd) ₹2,229 crore · Rubber Processing/Rubber Products
3. Somany Ceramics Ltd ₹2,227 crore
4. [India Glycols Ltd](https://www.sectoralpha.in/stocks/india-glycols-ltd) ₹2,223 crore · Alcoholic Beverages
5. [Dhenu Buildcon Infra Ltd](https://www.sectoralpha.in/stocks/dhenu-buildcon-infra-ltd) ₹2,213 crore · NBFC - Others

## Quarterly scorecard? Our Somany Ceramics Ltd research of 13 August 2026 set 5 checks, and every results season scores each one. 1 quarter scored so far; the latest reads on track. A row is permanent: a miss stays on the record after it is fixed. Open any quarter above to read its full record: the numbers, each check’s score, and why the numbers moved. A dashed label is a quarter not checked yet. M1: partly met. What it needs: Tile volume growth rises above 8% (tile volume growth > 8%). Where it stands: Tile volume grew only 2.8% while tile revenue grew 23.7%, the growth was price and mix, not tiles shipped. The bar is not due until the December-2026 quarter, but this is the make-or-break test. FY27-Q1: on track. A price-led beat with the volume test still open. The durable part is real: own-plant volume rose 22.2% while outsourced volume fell 18.0%, and operating margin had already climbed from 7.8% to 11.3% over the three quarters to March 2026. Two things are being watched, ₹75.8 Cr of fresh spending approved before returns are proven, and whether the collapsed Morbi price gap stays collapsed. ## What else do people ask about Somany Ceramics? ### What is Somany Ceramics's share price today? Somany Ceramics Ltd's share price is ₹553.20, +20.5% over the past year. The whole company is worth ₹2,269 Cr on the market. In the last 52 weeks it traded between ₹360 to ₹623; today it is 74% of the way up from the low, 7.6% above its 200-day average (as of 3 November 2026). ### What were Somany Ceramics's latest quarterly results? Somany Ceramics Ltd reported revenue of ₹750 Cr and net profit of ₹34.0 Cr for the Jun 2026 quarter. Revenue rose 24.2% and profit rose 385.7% compared with a year earlier. Earnings per share were ₹8.67. The operating margin was 12.0%, 4.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Somany Ceramics's market cap? Somany Ceramics Ltd's market capitalisation is ₹2,269 Cr at a share price of ₹553.20. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Somany Ceramics performing? Somany Ceramics Ltd's share price has been rising for 23 weeks. In its latest quarter, revenue rose 24.2% and profit rose 385.7% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 12 weeks running (as of 3 November 2026). ### Will Somany Ceramics's share price go up? This page does not forecast Somany Ceramics Ltd's share price. What it shows instead: the share price is ₹553.20, and it has been rising for 23 weeks. Its P/E of 20.7× is higher than 11% of its own last 11 years (as of 3 November 2026). ### Who owns Somany Ceramics? Promoters own 55.2% of Somany Ceramics Ltd, foreign institutions 2.9%, domestic institutions 16.0% and the public 25.9% (latest quarter). The biggest change over the last two years: Domestic institutions cut their stake by 7.5 percentage points over 8 quarters (as of 3 November 2026). ### Where is Somany Ceramics in its business cycle? Somany Ceramics Ltd's FY26 operating margin was 9.0%, against a 13-year range of 7.0% to 14.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 12.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Somany Ceramics story? The main question: domestic institutions moved −7.5 percentage points over 8 quarters while the business went the other way. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Somany Ceramics a stock worth studying right now? What the numbers show: Somany Ceramics Ltd is India’s #2 branded tile maker. Somany Ceramics Ltd's results are improving, while its P/E is near the low end of its own history over 11 years, higher than only 11% of past readings. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Somany Ceramics share price forecast for 2026? What management itself guided: No specific guidance issued or extracted on this call. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india

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